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Mirada PLC - Surrey, England-based broadcasting technology firm - Increases loan facility with Leasa Spain SLU. Notes Ernesto Flores, who holds a beneficial interest of 87% in the firm through his indirect interest in Kaptungs Ltd, controls Leasa Spain. The facility increases by €1.2 million to €4.4 million and is drawn up to €3.2 million. After consultation with its nominated advisor, Mirada considers the terms to be fair and reasonable insofar as its shareholders are concerned.
"All other terms of the facility remain unchanged and are set out above and in the announcement of 4 June 2019, including that the facility is unsecured and bears an interest rate of 8% per annum on monies that are drawn down," Mirada says.
Current stock price: 30.00 pence
12-month change: down 57%
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